Packers Plus Announces Strategic Acquisition of Texas-Based Completions Companies

Jan 30, 2014, 08:00 ET from Packers Plus Energy Services Inc.

CALGARY, Jan. 30, 2014 /CNW/ - Packers Plus Energy Services Inc., the innovator of open hole multi-stage completions systems, has completed the acquisition of Texas-based companies Eagle Downhole Solutions, LLC (majority position) and CMC Machine Works, LLC.

Dan Themig, President and CEO of Packers Plus said, "these strategic acquisitions will allow Packers Plus to diversify our product offering for our clients and position us for accelerated growth in the United States and around the globe. By expanding our engineering resources, we will be better positioned to develop, test and market new tools to continue advancing the completions market as well as fast track the expansion into emerging completion product lines."

Operating out of Conroe, TX, Eagle Downhole Solutions provides downhole tools and product development solutions to the oil and gas industry to solve completion and production issues in shale field development. The company is the creator of the E-Pak ESP Packer, a specialty completion tool designed to protect casing from high levels of sour gas.

Conroe-based CMC Machine Works offers high-end manufacturing and machining services that will add to Packers Plus state-of-the-art manufacturing capabilities.

About Packers Plus

Packers Plus is the innovator of open hole multi-stage fracture stimulation systems and is an industry leader in designing and manufacturing innovative solutions for a variety of completion challenges. Packers Plus has run over 12,500 completion systems accounting for over 160,000 fracture stages since the company started operations in 2000.

Today, Packers Plus has employees in 37 offices in Canada, the United States and across the globe. With international offices servicing Africa, Asia, Europe, the Middle East, Asia Pacific, and Latin America, Packers Plus has experience in key markets throughout the world. 

SOURCE Packers Plus Energy Services Inc.